$500 million<\/a> to the development of the 24,415-square kilometer acreage.The sub-basins on Block B3 run parallel to the Jonglei Sub-basin which itself is an extension of the proven oil prone Muglad Basin to the northwest and estimated reserves in place of more than 3 billion barrels of oil. Clastic reservoirs are thought to exist of Cretaceous age in tilted fault blocks associated with basin formation. The world class Abu Gabra lacustrine source rock is anticipated being present at depth within these rift systems.<\/p>\n\u201cThe development of our assigned contract area and fulfillment of our contractual obligations in South Sudan is a priority for Oranto. The government and the Ministry of Petroleum have been working very hard to create an enabling environment for investors and we are fortunate to benefit from their assistance. South Sudan is a nation with a great future, and we are proud to be a part of that, contributing with a purposeful, well resourced exploration and development campaign,\u201d said Prince Arthur Eze, Founder and Executive Chairman of Oranto Petroleum.<\/p>\n
Block B3 PSA has a six\u00a0year exploration period and Oranto is the Operator with 90% equity, Nile Petroleum holding the other 10%. The exploration period is divided into three commitment periods of 3 years, 2 years and a single year in the second and last optional commitment period. Work program obligations during the initial three year commitment period is limited to database building and interpretation studies. There is a drilling commitment in each of the two optional commitment periods. Two unexplored sub-basins (Yirol and Tali) have been inferred on block from previously acquired gravity data. Trap types are anticipated as Cretaceous titled fault blocks on trend with the Kenya extensional rift system.<\/p>\n
Atlas Petroleum International and Oranto Petroleum, the sister companies of the Atlas Oranto Group, own and operate 22 oil and gas licenses in 11 African jurisdictions: Benin, Equatorial Guinea, Ghana, Liberia, Namibia, Nigeria, S\u00e3o Tom\u00e9 and Pr\u00edncipe and the Joint Development Zone, Senegal, South Sudan and Uganda. Founded in Nigeria in 1991, the group is Africa\u2019s largest indigenous explorer by acreage, and with petroleum contracts signed in South Sudan and Uganda in 2017, it is rapidly growing its East Africa portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oranto Petroleum has begun its exploration program through an agreement with BGP Inc. South Sudan. The deal comes just eight months after Oranto signed its exploration and production sharing agreement … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":6495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[6533,6535,6534,6536,1598,1657,3498,5910,2382,6538,6537],"class_list":["post-6494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-airborne-gravity-and-magnetic","tag-atlas-oranto","tag-block-b3","tag-jonglei-sub-basin","tag-ministry-of-petroleum","tag-muglad-basin","tag-oranto-petroleum","tag-prince-arthur-eze","tag-south-sudan","tag-tali-sub-basin","tag-yirol-sub-basin","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/11\/Block-B3-South-Sudan.jpg?fit=435%2C255&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1GK","jetpack-related-posts":[{"id":7189,"url":"https:\/\/www.oilnewskenya.com\/index.php\/atlas-oranto-petroleum-launches-construction-two-schools-yirol-rumbek-south-sudan\/","url_meta":{"origin":6494,"position":0},"title":"Atlas Oranto Petroleum launches the Construction of Two Schools in Yirol and Rumbek, South Sudan","author":"","date":"September 28, 2018","format":false,"excerpt":"Oranto Petroleum Ltd (Oranto) (Atlas-Oranto.com) has completed the award of a contract for the construction of two primary schools to be located in Yirol and Rumbek, two communities located in central South Sudan and northwest of Juba, the country\u2019s capital. Estimated at over US$800,000, the project for the construction of\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/oranto-petroleum.jpeg?fit=880%2C386&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/oranto-petroleum.jpeg?fit=880%2C386&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/oranto-petroleum.jpeg?fit=880%2C386&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/09\/oranto-petroleum.jpeg?fit=880%2C386&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5733,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oranto-launches-500-million-oil-exploration-campaign-in-south-sudan\/","url_meta":{"origin":6494,"position":1},"title":"Oranto Launches $500-Million Oil Exploration Campaign in South Sudan","author":"","date":"March 6, 2017","format":false,"excerpt":"Oranto Petroleum will invest $500 million to develop South Sudan\u2019s Block B3, launching a comprehensive exploration campaign starting immediately following the signing of the exploration and production sharing agreement with the Ministry of Petroleum for the block today in Juba. Some aeromagnetic and seismic data have been acquired for the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/03\/Atlas-Oranto-joint-logo.JPG.jpg?fit=1132%2C202&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7674,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africas-state-owned-oil-company-signs-deal-to-explore-highly-prospective-oil-block-b2-in-south-sudan\/","url_meta":{"origin":6494,"position":2},"title":"South Africa\u2019s State-owned Oil Company Signs Deal to Explore Highly-prospective Oil Block B2 in South Sudan","author":"","date":"May 7, 2019","format":false,"excerpt":"South Africa\u2019s state-owned oil company Strategic Fuel Fund (SFF) will own and operate Block B2; In 2018, South Africa agreed to invest $1billion into South Sudan\u2019s energy infrastructure; South Sudan has the third-largest oil reserves in sub-Saharan Africa, estimated at 3.5 billion barrels, with just 30 percent of the country\u2026","rel":"","context":"In \"Ministry of Petroleum\"","block_context":{"text":"Ministry of Petroleum","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/ministry-of-petroleum\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/PR_RSS-MoP_B2.jpeg?fit=600%2C440&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/PR_RSS-MoP_B2.jpeg?fit=600%2C440&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/05\/PR_RSS-MoP_B2.jpeg?fit=600%2C440&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":593,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cepsa-and-milio-international-receive-exploration-licenses-in-kenya\/","url_meta":{"origin":6494,"position":3},"title":"CEPSA and Milio international receive exploration licenses in Kenya","author":"Samuel Kamau Mbote","date":"February 26, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] The ministry of energy and petroleum has licensed Compania Espanola de Petroleos (CEPSA) and Milio international of Dubai to explore for crude oil and gas in north western Kenya and at the coast. CEPSA will acquire 55 percent from EHRC in block 11A a block situated at the\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/02\/blocks.jpg?fit=468%2C628&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6389,"url":"https:\/\/www.oilnewskenya.com\/index.php\/uganda-issues-2-exploration-licenses-ngassa-block-oranto-petroleum-limited\/","url_meta":{"origin":6494,"position":4},"title":"Uganda Issues 2 exploration licenses over Ngassa block to Oranto Petroleum Limited","author":"","date":"October 10, 2017","format":false,"excerpt":"The ministry of energy and mineral development in Uganda has issued Issues 2 oil & gas exploration licenses over Ngassa block in Hoima district to Oranto Petroleum Limited in a signing ceremony presided over by the minister Irene Muloni. The issuance earlier set for June was called off after the\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Eng-Muloni-issues-2-oil-gas-exploration-licenses-over-Ngassa-block-to-Oranto-Petroleum-Limited.-marks-successful-end-of-1st-licensing-round.jpg?fit=743%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Eng-Muloni-issues-2-oil-gas-exploration-licenses-over-Ngassa-block-to-Oranto-Petroleum-Limited.-marks-successful-end-of-1st-licensing-round.jpg?fit=743%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Eng-Muloni-issues-2-oil-gas-exploration-licenses-over-Ngassa-block-to-Oranto-Petroleum-Limited.-marks-successful-end-of-1st-licensing-round.jpg?fit=743%2C472&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/Eng-Muloni-issues-2-oil-gas-exploration-licenses-over-Ngassa-block-to-Oranto-Petroleum-Limited.-marks-successful-end-of-1st-licensing-round.jpg?fit=743%2C472&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10470,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-sudan-launches-first-licensing-round\/","url_meta":{"origin":6494,"position":5},"title":"South Sudan Launches First Licensing Round","author":"","date":"June 23, 2021","format":false,"excerpt":"The Ministry of Petroleum (MoP) of the Republic of South Sudan, is honored to announce the launch of the country\u2019s first Oil Licensing Round. The MoP has identified new exploration blocks with potential hydrocarbons and has compiled crucial data to provide to interested investors, operators and counterparties. According to the\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=6494"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6494\/revisions"}],"predecessor-version":[{"id":6496,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6494\/revisions\/6496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/6495"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}